In a series of shots, the Nets drop Sekou Doumbouya, exchange second rounds
In a series of moves that will ultimately save the organization at least $ 8 million in payroll and luxury taxes, the Nets traded Sekou Doumbouya and a 2004 second-round pick to the Rockets, then relented. the rights to hide long-standing Juan Pablo Vaulet from the Pacers in exchange for Edmond Sumner and a second round of the Heat 2025.
The Rockets will give up Doumbouya, who was acquired in the DeAndre Jordan wage dump, and the Nets will give up Sumner, who is out for the year with an Achilles break, according to reports. JPV, who the Nets once considered ‘the next Manu’, was the last vestige of the Billy King era, having been acquired in the 2015 draft, the year before the Nets sacked King and hired Sean Marks .
The news of the trades was announced in a series of tweets from Shams Charania, Adrian Wojnarowski, Michael Scotto and Tim MacMahon …
The Rockets intend to give up Sekou Doumbouya after acquiring him with a second-round pick in a trade with the Nets, sources have told ESPN. The rockets sent the Nets $ 110,000. The pickaxe is not protected in 2024.
– Tim MacMahon (@espn_macmahon) October 6, 2021
ESPN’s Bobby Marks and Hoopshype’s Yossi Gozlan estimated the Nets were saving $ 8 million in taxes and wages. They also added details about the guts of the trade.
Most likely, the Nets will structure this as a three-way trade or execute the Doumbouya trade first as this will generate an EPT of $ 3.6 million which would decrease to $ 1.3 million by absorbing Sumner with it.
Running the Sumner first would be on top of their existing large VSEs ($ 11.4 million and $ 6.3 million) https://t.co/lLDIWNDcFF
– Yossi Gozlan (@YossiGozlan) October 6, 2021
Sumner’s salary – $ 2.3 million this year – could be spread over three years, further reducing the tax burden on the Nets. What is the reason for the Pacers? As the Indianapolis Star reports …
The Pacers are effectively trading a second-round pick – which they received from Miami – in order to free up $ 2.3 million below the salary cap. He gives the Pacers about $ 3 million below the tax threshold.
The series of moves also appeared to secure a place on the list for DeAndre ‘Bembry as Steve Nash started on Sunday against the Lakers. Bembry is a 6’5 ” winger known for his defense. His contract is only partially guaranteed and many believed the Nets’ final place would go to him and Doumbouya.
Vaulet was selected with the 39th pick in the 2015 NBA Draft. His rights cost the Nets $ 880,000 in cash and two second rounds, one of which ultimately became the Lakers’ Talen Horton-Tucker.